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Stellantis searching for new CEO
Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
Stellantis searching for leadership
US banning Chinese software
September sales data
Recent recalls
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
September sales decline due to timing of Labor Day weekend but August/September results show retail growth
Struggling Jeep and Ram maker Stellantis is searching for a new CEO
US to ban Chinese connected car software and hardware, citing security risks
Nissan to buy back 5% of its own shares from partner Renault
Loyal customers returning to their brand of choice as inventory recovers
Rivian reveals first $10M in grants for long-promised Rivian Foundation
Wealthy Americans aren’t buying the cars you’d expect, S&P Global finds
Porsche patents six-stroke engine with additional compression and power stroke
Ineos Grenadier production halted, possibly until 2025
RECALLS
Kia recalls 14,000 EV9 SUVs because the remote parking feature can cause collisions
Mercedes-Benz automatic emergency braking problems have caused a recall of about 2,200 of these vehicles in Canada and the U.S
Ford recalls 144,000 Maverick trucks after complaints and two crash reports
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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